Facebook is only 15 years old, yet in that time it has become the world's dominant social media platform, boasting more than 2.4 billion users. It has also become the world's second-largest digital advertising platform, effectively the runner-up in a worldwide duopoly dominated by Google. Now, it is under a baker's dozen of investigations alleging that it rose to the top by using unfair, anticompetitive tactics—and at least one competitor kept records.
Snap, parent company of Snapchat, kept a dossier "for years" detailing Facebook's attempts to thwart it, sources told The Wall Street Journal.
The Department of Justice publicly confirmed that its antitrust division was actively investigating widespread "concerns that consumers, businesses, and entrepreneurs have expressed" about "market-leading online platforms." The agency didn't name names, but that list of "market-leading" platforms is generally considered to include Amazon, Apple, Facebook, and Google.
The wheels of justice may move slowly, but here's hoping the "with a computer" companies find that they do work.
(Score: 4, Touché) by PartTimeZombie on Tuesday September 24 2019, @08:43PM (3 children)
I hate Facebook for exactly that reason.
One of my favourite cousins-in-law recently retired, and now she constantly posts amazing photos from all the exotic places she is visiting. Over the last few weeks I have had to watch her enjoying herself in Antigua, Lombardy, some amazing place in Germany and a vineyard in Sussex.
Damn you Facebook!
(Score: 2) by c0lo on Tuesday September 24 2019, @10:37PM (2 children)
Heh, the life after mortgage.
https://www.youtube.com/watch?v=aoFiw2jMy-0
(Score: 2) by PartTimeZombie on Tuesday September 24 2019, @11:49PM (1 child)
Yes, I tease her about early onset Alzheimer's.
She has forgotten where she lives and winds up in all these exotic places instead.
(Score: 2) by c0lo on Wednesday September 25 2019, @12:25AM
Lucky her
https://www.youtube.com/watch?v=aoFiw2jMy-0